China CSSC Holdings, the listed arm of the country’s largest shipbuilder, has won a second major order in less than a week, a contract worth more than $1bn to build 10 dual-fuel pure car and truck carriers (PCTCs).
The vessels, each capable of transporting about 8,200 vehicles and designed to use liquefied natural gas, will be built by subsidiary Guangzhou Shipyard International for a well-known shipowner, according to a stock exchange disclosure.
Deliveries are scheduled for between 2029 and 2031, with payment in US dollars, the Shanghai-based company said, without disclosing further details about the deal or the client.
China CSSC said the project will capitalize on Guangzhou Shipyard’s capabilities in the design and development, final assembly and construction, and quality control of large roll-on/roll-off ships.
The company expects the order to contribute positively to future earnings.
On August 29, China CSSC revealed that subsidiary Shanghai Waigaoqiao Shipbuilding had landed a US$2.7bn deal to build 12 21,700 twenty-foot equivalent LNG dual-fuel container vessels for Cosco Shipping Holdings’ vessel-investment arm.
